Coinbase Honors Satoshi Nakamoto; Listed Him in Its S-1 Filing With the SEC

1
2759

The US-based crypto exchange, Coinbase, announced that it included the pseudonymous Bitcoin (BTC) creator, Satoshi Nakamoto, within its recent SEC filing regarding its efforts to be directly listed on the stock market. While Coinbase’s S-1 filing is ultimately to advance its current position, including Nakamoto as a copy recipient was seen by many as a kind gesture by the exchange to the enigmatic father of BTC.

Nakamoto was notably mentioned in the particular filing four different times – albeit only by his known BTC address, which is “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.” This includes naming him as the undisputed Bitcoin white paper author.  However, the S-1 filing also explained that the identification of Nakamoto and the transferring of his 1.1 million BTC (currently worth $55 billion) as possible threats to today’s crypto market state. It implies that such events could potentially deteriorate the current market price of both BTC and ETH.

That being said, many have already proclaimed themselves as the real Satoshi Nakamoto despite not having sufficient evidence to prove such claims.

In December 2020, Coinbase first made public its plans to submit a filing with the SEC to execute an initial public offering (IPO). The exchange’s recent SEC filing showed that it amassed a direct revenue of over $1.1 billion last year, which is a significant increase from 2019 wherein it ‘only’ listed about $482 million. Based on this and the continual surge of crypto interest and prices, many believe that Coinbase could soon go public with a massive $100 billion at hand.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here